New "Stimulus Plan" Tax Incentives For Buyers of Electric Scooters

Electric scooter buyers save and win big, as energyenergy storage capacity of the battery. For two and
conscious consumers considering purchase of electricthree wheel vehicles the minimum size battery storage
vehicles and electric scooters have an increasedthat qualifies must be rated at a minimum of 2.5kwh of
incentive to purchase these vehicles due to a taxstored energy capacity. For a NEV type vehicle the
credit buried in the recent Economic and Reinvestmentminimum battery storage capacity that qualifies is 4
Act of 2009.kWh. To determine if the vehicle you are considering
Incentives for plug- in hybrid vehicles take effect inqualifies take the amp hour capacity rating of the
2010 but incentives for smaller electric vehicles takebattery times the battery voltage and divide by 1000. If
effect with the passage of the bill. The $787 Billion billthe result is 2.5 or greater, the scooter, or three wheel
passed by the Congress, and signed by the Presidentvehicle, will qualify for the credit. For example if the
gives a tax credit incentive to purchasers of electricspecifications on the scooter you are considering has
vehicles of different types.a battery rated: 5X12V/50 Ah the calculation is as
All electric powered vehicles benefit from the new taxfollows: (5X12v) 60 X 50 Ah = 3000 Divided by 1000 =
credit. Immediately benefiting are buyers purchasing a3 kWh, which exceeds the 2.5 kWh minimum criteria.
category of vehicles known as light electric vehicles orThe selection of scooters for sale that qualify will be
LEV's. The LEV category includes four wheeledincreasing in the days and months ahead as
Neighborhood Electric Vehicles or NEV, and two andmanufacturers take advantage of the marketing
three wheel electric powered scooters.opportunity resulting from the money saving credits.
The criteria for qualifying are based on the electric